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A Roller Coaster Week at Footstar…

February 10, 2003 SGB Executive
<p>Footstar saw shares close lower for the week, erasing a strong mid-week gain on news that it will expand distribution of its Thom McAn product to up to 1,500 Wal-Mart stores. The move was initially seen as a boon to the retailer that has been hit hard in</p>

LL Bean: Tough Economy, Cut Jobs…

February 10, 2003 SGB Executive
<p>The outdoor brand founded on the basic principle of reacting to the needs of the consumer announced the second-largest round of layoffs in its 91-year history&#8230;</p>

Warnaco Back on the Street…

February 10, 2003 SGB Executive
<p>The Warnaco Group Inc., the parent of industry brands Speedo and Authentic Fitness, emerged from Chapter 11 bankruptcy Tuesday as scheduled. The company said it closed on a $275 million exit financing facility in connection with its bankruptcy emergence</p>

Reebok Running Collection Nabs Key Product Awards

February 7, 2003 SGB Update
<p>The accolades keep coming for Reebok&#039;s Premier Road, hero shoe of the running collection&#039;s Premier Series. In the latest issue of &#8220;Runner&#039;s World&#8221; (March 2003), Reebok&#039;s new running shoe is honored with the magazine&#039;s highly accla</p>

Callaway 2002 Net Income Jumps 19% on Reduced Revenues

February 7, 2003 SGB Update
<p>Callaway Golf Company reported net sales for the full year 2002 decreased 3% to $792.1 million versus $816.2 million for the prior year. EPS were $1.03 versus $0.82 in 2001, an increase of 26%. Net income for the full year increased 19% to $69.4 million</p>

Merrell Continues to Fuel Wolverine Growth

February 6, 2003 SGB Update
<p>Wolverine World Wide, Inc. reported revenue for fiscal 2002 reached a record $827.1 million, a 14.9% increase from the $720.1 million reported for the full year 2001. Earnings for fiscal 2002 grew to a record $1.15 per share, a 7.5% increase from the $1.</p>

Next, Inc. Launches Motorsports Division

February 6, 2003 SGB Update
<p>Next Inc. announced the formation of its new Motor Sports Division &#8220;RPM Sports USA&#8221; to market the Company&#039;s specially designed cutting edge &#8220;Motor Sports Automotive&#8221; line&#8230;</p>

Footstar Rapidly Expanding Wal-Mart Partnership

February 6, 2003 SGB Update
<p>Footstar, Inc. announced that it has reached an agreement with Wal-Mart Stores, Inc. to supply Thom McAn family footwear for up to 1,500 Wal-Mart stores, including the original 300 stores that began selling Thom McAn in October 2002&#8230;</p>

Gildan Fiscal Q1 Profits Jump 107% on 16% Sales Growth

February 6, 2003 SGB Update
<p>Gildan Activewear Inc. reported net earnings rose 107% to $5.8 million for the quarter ended December 29, 2002, or $0.20 per diluted share, up 100% from the first quarter of fiscal 2002. Sales for the first quarter were $102.3 million, up 15.9% from $88.</p>

Nordstrom January Comps Inch Up 0.8%; Year Comps Up 1.3%

February 6, 2003 SGB Update
<p>Nordstrom, Inc. reported preliminary sales of $316.5 million for the four-week period ending February 1, 2003, an increase of 6.7% compared to sales of $296.6 million for the four-week period ending February 2, 2002. Same-store sales increased 0.8%&#8230;</p>

Deep Discounts Mean Retail Stores Feel Pain

February 6, 2003 SGB Update
<p>Laurie Gilbert traveled down from Freeport Tuesday to look for socks at the Maine Mall. She ended up finding sales she couldn&#039;t refuse, and walked away with some compact disks and a pair of shoes &#8212; as well as the socks that initially drew her to </p>

Urban Outfitters Q4 Comps Increase 1.3%

February 6, 2003 SGB Update
<p>Urban Outfitters, Inc. announced total Company sales for the fourth quarter and the fiscal year ended January 31, 2003 were up 13% to $117.8 million from $103.9 million for the comparable quarter last year. Comparable store sales increased 1.3%. Comparab</p>
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